FXStreet (Guatemala) – Sean Callow at Westpac Banking Corporation noted the key events for the day ahead as we progress the Asian shift.
Key Quotes:
“RBA’s Kent speaks at the Australia National University at 5:30pm Syd/3:30pm Sing/HK, presumably on the economy.”
“RBNZ assistant governor McDermott will be speaking at 1pm Syd/3pm local, though the event is not open to the media.”
“In Asia, we have India May wholesale prices, Singapore Apr retail sales and Indonesia May trade balance.”
“The NY Fed’s Empire State survey is expected to show that manufacturing sentiment rose in Jun.”
“A weak start to the year is typical, and the market median is 6.0. The market expects May industrial production to print in the positive territory for the first time since Nov. A partial rebound in utility output and modest factory production gain should see a modest gain of 0.2%m/m. The consensus for Jun NAHB housing market index is a gain to 56 from 54.”
(Market News Provided by FXstreet)